African bonds take the spotlight

Investors have continued to plough money into African bond deals this year as they search for yield outside mainstream economies

By

Shanny Basar in New York

October 29, 2012 Updated: 9:35 p.m. GMT

Investors have continued to plough money into African bond deals this year as they search for yield outside mainstream economies.

Among the latest deals to have benefited from new investor demand were a $750m bond issue led by Barclays and Deutsche Bank for Zambia last month, and Angola's $1bn bond deal in August, led by Russia's VTB Capital.

As of October 24, African issuers outside South Africa have raised $5.5bn from 18...